Labrador mines and companies are preparing prices star-news.press/wp

In Carol Auto Dealer, the city of Labrador, Michel Cayouette is preparing for a double shock that the American customs fare was represented in steel and aluminum.

This is what will happen with vehicular pricesHe explained, a few steps from his garage, full of mining workers. It is also a mining city that produces iron. We have a resource. So we have a direct impact related to pricing (…) has a direct impact on the community and local businesses.

Western Labrador produces tens of tens of millions of millions of steel, an alloy that will establish 25% rates from the US government from March 12.

Diversified customers

Mike Furlong5795 of the Metallosen Union. President of the section also says he is worried, but it is remembered that the iron ore created in Labrador is exported to Europe and Asia than in the United States.

We are fairly well located, viewing our buyersIt supports the Rio Tinto-IOC mines representing 1600 employees.

On the edge of the conference BatheThe high mass of the local mining industry that includes 320 representatives in the sector, approved due to the domino effect due to the domino effect that prices may be on a global scale.

Prudent optimism

Brian Penney, General Manager From the Tacora Mine, Wabush, also emphasizes market volatility and administration policies Lakshould worry about the whole sectorBut he remembers that the price threat has thrown a Canadian dollar, benefits from Canadian mines. Tacora while selling iron ore in our customers in dollars, Our income has recently increasedHe explained.

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Justin Séguin, Vice President of PG Construction Vice-President, an entrepreneur who works directly with mines, is optimistic, despite the uncertainty created by prices.

I think we are not very resilientHe says. I think we can have concern at first, but it progresses more and more, I’m safe than there will be ratesIt continues to reminds the mining sector that can be volatile Donald Trump It can also be.

Will eventually happen? We don’t know.